DNVN - The report assessing the results of implementing the socio- economic development plan and the State budget in 2023, presented by Deputy Prime Minister Le Minh Khai on behalf of the Government at the opening session of the 7th Session of the 15th National Assembly on the morning of May 20th, emphasized that many stalled and long-standing projects have been focused on and resolved, achieving positive results.
The "Report on the Assessment of the Implementation Results of the Socio-Economic Development Plan and the State Budget in 2023" noted that from the beginning of 2024 until now, the global situation has continued to be complex and unpredictable, with more difficulties and challenges.
Many major economies, Vietnam's main trading and investment partners, are recovering slowly.
However, the outlook for the global economy and trade is showing more positive signs, creating favorable opportunities for development.
Domestically, economic growth continues to recover, and socio-economic activities are more vibrant. International organizations continue to highly appreciate Vietnam's growth prospects in 2024. The macroeconomic situation is fundamentally stable, inflation is under control, and major balances are ensured.
The economy maintained positive growth momentum in all three sectors. Agricultural production grew steadily, continuing to be a solid pillar of the economy. Industrial production recovered positively, especially the processing and manufacturing industries.
Electricity and fuel production and supply are ensured, meeting the needs of production and daily life. Trade and services continue to develop well. Transportation services have improved, especially railway transport, which has undergone many innovations.
Tourism continued its rapid recovery with nearly 6.2 million international visitors, a 1.6-fold increase compared to the same period in 2023 and a 3.9% increase compared to the same period in 2019. The development of socio-economic infrastructure was accelerated, especially key national transportation and energy projects.
Many outstanding and protracted issues and projects have been addressed, yielding positive results. Specifically, preparations have been made to consider and approve the mandatory transfer of weak banks, ensuring the safety of the system.
“The restructuring plan for the Vietnam Development Bank has been implemented and has achieved initial results. Three fertilizer plants are restructuring their loans and have initially become profitable. Many important power and energy projects are actively resolving their obstacles.”
Specifically, the Lot B - O Mon gas-fired power project has received investment approval and signed electricity and gas purchase and sale contracts. The Nghi Son refinery has implemented management and operational restructuring to optimize production and business. The Long Phu 1 power project is currently negotiating and resolving obstacles to restart operations soon,” the report stated.
Regarding the main tasks and solutions for the coming period, the report emphasizes that the Government will prioritize promoting growth while maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy. It also stresses the need for close, effective, and harmonious coordination of macroeconomic management policies.
Renew traditional growth drivers and promote new ones. Continue implementing policies on interest rate reductions and waivers, debt deferrals, restructuring, and tax, fee, and land rent exemptions, reductions, and extensions to alleviate difficulties for production and business.
Implement monetary policy proactively, flexibly, promptly, and effectively. Coordinate synchronously, harmoniously, and closely with a rational, focused, and targeted expansionary fiscal policy and other policies.
In addition, exchange rates and interest rates should be managed appropriately according to market conditions and set targets. Solutions to stabilize the gold market should be implemented decisively and immediately as prescribed. Efforts should continue to remove obstacles and facilitate access to credit for businesses and individuals; credit should be directed towards production and business, priority sectors, and growth drivers.
We must vigorously accelerate the disbursement of public investment capital, using public investment to stimulate and guide private investment, and strengthen public-private partnerships. We must also strengthen trade promotion and boost exports to major markets.
Ha Hoai
Source: https://doanhnghiepvn.vn/kinh-te/nhieu-du-an-ton-dong-keo-dai-da-duoc-xu-ly/20240520123629966
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